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NIFTY HIGHLIGHTS

The Nifty rollover, at 39.4%, indicates a decrease in carry-forward positions compared to the 45.1% of the previous expiry, yet it remains notably above the threemonth and six-month averages of 32.5% and 33.8% respectively. Bank Nifty’s August rollover stands at 25%, a considerable decline from the 36.3% of the last expiry, and is also substantially lower than the six-month average of 35.9%, hinting at a more cautious or subdued outlook within the banking sector despite being slightly above the three-month average of 23.8%. The Market-wide August rollover, reaching 56.9%, shows a significant increase over the previous expiry's 45.4% and is well above the historical three-month (44.7%) and six-month (45.3%) averages. The option data for the August series indicates a strong Call Open Interest (OI) at the 25,200-strike price, followed by 25,500. In contrast, a substantial concentration of Put OI is observed at 24,500, with additional levels at 24,900. This suggests that the likely range for the current expiry is between 24,500 and 25,200, with 25,000 being a pivotal level.

Nifty Rollover Vs Market-wide Rollover

Stock & Sector Highlights

* ICICIGI, AUROPHARMA, UNOMINDA, LUPIN and TORNTPHARM saw higher rollover on Monday compared to same day of previous expiry.

* RBLBANK, PGEL, KFINTECH, RECLTD and BANDHANBNK saw lower rollover on Monday compared to same day of previous expiry.

* Highest rollover in current expiry for the day is seen in WIPRO, AUROPHARMA, SBILIFE, ETERNAL and BLUESTARCO.

* Lowest rollover in current expiry for the day is seen in RBLBANK, PGEL, PPLPHARMA, PATANJALI and TATACHEM.

Sector-wise Rollover

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